India’s Wealth Disparity Is Truly Staggering

It’s no secret that there’s a huge gap between India’s rich and India’s poor, but the numbers are truly staggering. The richest 1% of Indians own a whole 49% of the total wealth, the next 9% own 25%, and that leaves a paltry 26% to be distributed among the poorest 90%.

And the top 10 richest people have it really good. Their combined net worths dwarf India’s spending on important social sectors such as education and railways. And even more damningly, their net worths are greater than the sum of the annual GDPs of a full 10 Indian states.